For Release May 1, 2015 Carey Watermark Investors Incorporated (CWI 1) announced that it has acquired the newly-built Hilton Garden Inn and Homewood Suites dual-branded hotel in Atlanta, Georgia. The select-service and extended-stay property includes a total of 228 guestrooms and is located in Midtown Atlanta. Key Facts High quality hotel property:The Hilton Garden Inn and Homewood Suites Midtown…
For Release March 23, 2015 Carey Watermark Investors Incorporated (CWI) announced that it has acquired the landmark Westin Pasadena hotel. The full-service hotel includes 350 guestrooms and is located in downtown Pasadena, California. The acquisition price was $142.5 million. Key Facts High quality asset: The Westin Pasadena is a Four Diamond AAA-rated hotel located within the Plaza Las Fuentes, a…
For Release February 13, 2015 Carey Watermark Investors Incorporated (CWI) announced that it has acquired the landmark Westin Minneapolis hotel. The full-service hotel includes 214 guestrooms and is located in downtown Minneapolis. The acquisition price was $66.4 million and was financed with $43.5 million of debt. Key Facts High quality asset: The Westin Minneapolis, originally constructed as the Farmers &…
For Release November 19, 2014 Carey Watermark Investors Incorporated (CWI), a non-traded real estate investment trust (REIT) focused on investing in lodging and lodging-related properties, announced that it has acquired the Kansas City Marriott Country Club Plaza, a 295-room full-service hotel, located in Kansas City, MO. Key Facts Central location: Kansas City Marriott Country Club Plaza is located at the…
For Release Friday, October 31, 2014 Carey Watermark Investors Incorporated (CWI), a non-traded real estate investment trust (REIT) focused on investing in lodging and lodging-related properties, announced that it has acquired the Staybridge Suites Savannah Historic District, a 104-room select service hotel located in Savannah, GA. Key Facts Central location: Staybridge Suites Savannah is located in Savannah’s Historic District, the…
For Release Wednesday, October 29, 2014 Carey Watermark Investors Incorporated (CWI), a non-traded real estate investment trust (REIT) focused on investing in lodging and lodging-related properties, announced that it has acquired the Sanderling Resort, a 106-room full-service resort, located in Duck, North Carolina on the Outer Banks. The purchase price was $38 million. Key Facts Prominent location: The Sanderling Resort…
For Release Monday, October 6, 2014 Carey Watermark Investors Incorporated (CWI), a non-traded real estate investment trust (REIT) focused on investing in lodging and lodging-related properties, announced that it has acquired, from an affiliate of Goldman Sachs and Petra Capital Management, the Sawgrass Marriott Golf Resort & Spa, a 511-unit golf resort & spa in Ponte Vedra Beach, FL. Key…
For Release Thursday, June 26 , 2014 Carey Watermark Investors Incorporated (CWI), a non-traded real estate investment trust (REIT) focused on investing in lodging properties, announced that it has acquired a 302-room, dual-brand select-service hotel, located in Denver’s Central Business District. CWI’s total investment in the property is approximately $85 million. Key Facts Strong market: In 2013, average hotel RevPAR…
For Release - Friday, June 13, 2014 Carey Watermark Investors Incorporated (CWI), a non-traded real estate investment trust (“REIT”) focused on investing in lodging and lodging-related properties, announced that it has acquired the Boca Raton Marriott at Boca Center, a 256-room full service hotel, located at 5150 Town Center Circle in Boca Raton, FL. Key Facts Strong market: The Boca…
For Release Friday, May 30, 2014 Carey Watermark Investors Incorporated (CWI), a non-traded real estate investment trust (“REIT”) focused on investing in lodging and lodging-related properties, announced that it has acquired the Sheraton Austin Hotel at the Capitol, a 365-room full-service hotel, through a joint venture with JMI Realty. CWI holds an 80 percent interest in the joint venture and…